Conditionality battle heats up for EU recovery fund
A European Union recovery fund proposal is expected to be presented to a summit of European leaders on July 17-18. Its size is to remain unchanged from a proposed €500bn of grants and €250bn of
A European Union recovery fund proposal is expected to be presented to a summit of European leaders on July 17-18. Its size is to remain unchanged from a proposed €500bn of grants and €250bn of
Following the sale of its third syndication of the year this week — a €3bn inflation-linked bond — France does not expect to bring any more public benchmarks in 2020.
Bohai Bank wrapped up a billion-dollar-plus Hong Kong IPO this week. The issuer, one of China’s last remaining joint-stock commercial banks to go public, rode the tail end of a hot period for the city’s
Bitė, a mobile, broadband and pay-TV firm in the Baltic region, and a portfolio company of Providence Private Equity, priced a dividend recap and refinancing of its whole capital structure this week, funded by a
High yield bond issuance is coming thick and fast in Europe, with primary supply not limited to straightforward Covid-proof credits, but also coming from highly levered firms feeling the pinch of the pandemic restrictions.
Private equity firms with stakes in the US healthcare industry could have managed to tap into federal bailout money designed to give small businesses a lifeline through the pandemic. A new data dump of data
The European Leveraged Finance Association has called for better transparency in high yield covenant packages, arguing that clarity is crucial for pricing risk. The call comes soon after one of the largest covenant climb-downs in
Axiom Alternative Investments has launched a new long/short global high yield fund, following the hire of Gilles Frisch as a portfolio manager last year, targeting the opportunities that will come through at the end of
The interim chief executive at the Financial Conduct Association wants to start a dialogue about how to protect the investment fund management industry in the coronavirus aftermath. Christopher Woolard spoke during a webinar hosted by
Italy is returning to the international debt market for another syndication, its first since June.
The Republic of Korea has picked banks to arrange meetings to promote a pair of international bonds, including one in euros, which would be the country’s first in the currency for six years.
Some staff are working in stores without basic safety measures, a petition says. PetSmart says workers have appropriate PPE.
The Grand Duchy of Luxembourg launched Europe’s first sovereign sustainability bond to big demand on Monday morning, allowing the sovereign to bring the spread in by 6bp during pricing.
Huawei Technologies, sanctioned by the US and now having its participation in the UK's 5G network questioned by the government, looked into raising hundreds of millions of euros in the Schuldschein market two years ago.
A big rally in China’s stock market this week ended up hitting bond prices onshore — and sparked worries about the sustainability of the equities rebound.
Philip Brown and Sanaa Mehra are leading a new unit at Citi, the latest the bank has designed for its sustainable finance business.
Property managers Zhenro Services Group and Greentown Management, along with developer Ganglong China, all priced IPOs this week, albeit with different responses from the market.
Chinese property company Tahoe Group defaulted on an onshore bond this week because of struggles with tight liquidity, limited market access and poor corporate governance. But its shares still ended up soaring amid a mainland-wide
ABC International Holdings raised $450m from a three year bond on Wednesday, thanks in part to backing from the 23 banks that ran its transaction.
Studio City Finance restructured its debt portfolio with a $1bn bond sale on Wednesday.
